Global production and use of molybdenum fell in Q1 when compared to the previous quarter (Q4 2019) according to figures published by the International Molybdenum Association (IMOA), a non-profit trade association representing the interests of most of the world's molybdenum producers and converters, as well as users and traders.

Global production of molybdenum fell by 8% to 139.2 million pounds (mlb) when compared to the previous quarter of 2019. However, this represented a 1% rise when compared to the same quarter of the last year. Global use of molybdenum fell by 13% to 123.6mlbs when compared to the previous quarter, also a fall of 13% when compared to the same quarter of the previous year.

China remained the largest producer of molybdenum at 47.7mlbs, an 8% drop in comparison to the previous quarter, but a 6% fall when compared to the same quarter of the previous year. Production in South America saw the largest percentage fall of 18% to 42.2mlbs when compared to the previous quarter, this represented a 2% fall when compared to the same quarter of the previous year. North America was the only region to see a rise in production during the last quarter with production increasing 6% to 141.8mlbs when compared to the previous quarter, although this represented a 18% rise when compared to the same quarter of the previous year. Production in other countries fell 3% to 10.1mlbs, a fall of 5% when compared to the same quarter of the previous year.

Global use of molybdenum fell 13% to 123.6mlbs when compared to the previous quarter and the same quarter of the previous year. China remained the largest user of molybdenum, but saw the largest fall of 31% to 40.3mlbs when compared to the previous quarter, an 18% fall when compared to the same quarter of the previous year. Europe remained the second largest user at 31.1mlbs and experienced the only rise in use, 6%, when compared to the previous quarter, but this represented a 13% fall when compared to the same quarter of the previous year. Other countries used 22.5mlbs, a 1% drop when compared to the previous quarter and was the only region to see a rise, 3%, when compared to the same quarter of the previous year. This quarter, Japan over took the USA in its use of molybdenum at 12.7mlbs, a 9% drop in comparison to the previous quarter and a 7% fall when compared to the same quarter of the previous year. Molybdenum use in the USA fell for the third consecutive quarter to 12.6mlbs, a 5% fall when compared to the previous quarter and a 12% fall when compared to the same quarter of the previous year. CIS saw a 10% fall in usage to 4.3 mlbs, although this represented a 31% reduction when compared to the same quarter of the previous year.